First Years of Residential Property Mgmt Business

[Keric Allen]

I see lots of posts on “starting a property management business” in this forum. Many people chime in to say it’s a great idea, lucrative and talk about the 100s of doors managed.

Others question why anyone would want that headache. That said, has anyone started a property Mgmt business recently and would be willing to share their experience?

Did you work for a property management company prior to starting your business? Or did you learn as you grew?

How many properties did you have under management the 1st month, quarter, mid-year, after 1 year?

What would you do differently?

Most the time I either read about or hear on podcasts how someone started a business and then, poof, they fast forward in the discussion 2 years and now they manage 200+ properties.

I’m interested in the in b/n. Those first days of having only 1 or 2 properties under Mgmt of which one may be yours and the other is a friends/relatives. The depressing slow month where you grew 0 doors or the crazy month you grew 15 doors!

Anyone care to share their experience?

If not publicly, perhaps message me and we could discuss.

Thanks!